IRM Energy IPO

IRM Energy operates as a city gas distribution company based in India. They conduct their operations in various regions, including Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu). Their primary focus is establishing, constructing, managing, and extending natural gas distribution networks within urban and local areas. These networks serve various customers, including industrial, commercial, residential, and automotive sectors. IRM Energy serves two main categories of customers: CNG (Compressed Natural Gas): This segment includes operators of public transport vehicles, such as taxis and auto-rickshaws, and private vehicles, like cars, buses, light goods vehicles, and heavy goods vehicles. PNG (Piped Natural Gas): The PNG customer base is further divided into three segments, which consist of industrial PNG (small, medium, and large-sized businesses), commercial PNG (including hotels, restaurants, bakeries, hostels, and community halls), and domestic PNG primarily used for cooking purposes.;